Friday, 28 March 2014

Closing Brief

US indexes closed somewhat weak, with yet another opening bounce having largely failed, sp +8pts @ 1857. The two leaders - Trans/R2K, settled +0.5% and u/c respectively. Near term outlook remains a break <1830, which will open up the target zone of 1800/1790.



So.. a pretty weak afternoon of minor chop, after yet another opening bounce. Not exactly a full reversal,'ll do.

Considering the number of chances the bulls have already had to break >1883, I just can't see them doing it..before the bears get at least some kind of mini 1800/1790.

*I remain heavy short across the weekend.

Have a good weekend everyone!

*the weekend post will be on the US weekly indexes